Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTC: CITLF) (FRA: X9V) (“CiTech”) announced it has received finance approval for the debt component of the acquisition price to acquire 100% of the shares of a Western Australian precision engineering and manufacturing company with strong ties to the defence and mining sectors. The acquisition is expected to close on or before May 31, 2026.
The purchase price is AUD $5,775,000 on completion, with deferred payments of AUD $962,500 each on the first and second anniversaries of closing. The target company reported revenue of AUD $7.5 million in fiscal year 2025 and EBITDA of AUD $1.9 million, with projections of AUD $8.6 million in revenue and AUD $2.2 million in EBITDA for fiscal year 2026. Revenue and EBITDA are expected to double within the next two to three years.
This acquisition provides CiTech with immediate sovereign manufacturing capability in Western Australia, vertical integration of fabrication and engineering operations, and enhanced capacity to support defence, mining, and critical infrastructure customers. It also enables faster prototyping, production, and deployment of the Company’s Nexus autonomous communications platforms.
“Being able to settle the acquisition represents a significant step in CiTech’s growth strategy,” said Brenton Scott, Director and CEO of CiTech. “This acquisition provides immediate revenue and earnings while delivering the manufacturing capability required to scale production of our Nexus platforms and support increasing international demand.” Scott added that the deal strengthens sovereign Australian defence manufacturing capability and positions CiTech to participate in major allied supply chains.
CiTech develops autonomous, high-capacity mobile communications and security platforms, including its self-deploying platform (SDP) designed to support LTE and other payloads such as surveillance and anti-drone systems. The company targets the mining, defence, border security, and emergency services sectors. For more information, visit www.citech.com.au.
